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Barclays Takes $800M Provision Related to Forex Probes

Barclays PLC announced Thursday that it has taken a £500 million ($800.3 million) provision in the third quarter related to government investigations into its foreign exchange trading activities, joining another bank that announced a large set-aside this week.

  • Spain's Abertis Eyes Telecom Spinoff

    Spanish road operator Abertis Infraestructuras told regulators Thursday that it wants to spin off its telecommunications business and list it on the Madrid Stock Exchange, believing that the unit is not returning its full potential value to shareholders.

  • GTAT Judge Intends To Unseal Records On Apple Spat

    The judge presiding over GT Advanced Technologies Inc.’s secretive bankruptcy on Thursday endangered a settlement of the contract dispute with Apple Inc. that destroyed GT's business, saying that a key document both companies want sealed should be made public.

  • AgFeed Shareholders Blame Hormel For Ch. 11

    The equity committee for bankrupt AgFeed Industries Inc. launched an adversary action Wednesday alleging ex-business partner Hormel Foods Corp. made “false representations” and knew about claims it had asserted against the hog production company that led to an arbitration award that the debtor says ultimately pushed it into Chapter 11.

  • EXCLUSIVE: SEC Issued Badges Without Security Checks

    The U.S. Securities and Exchange Commission neglected to perform required background checks before giving security keycards to some of its workers and failed to document who received those keycards, according to a previously undisclosed report by the agency’s inspector general.

  • 9th Circ. Shreds Stan Lee Media's Iron Man Lawsuit

    The Ninth Circuit on Wednesday tossed Stan Lee Media Inc.'s lawsuit against its former president, comic book legend Stan Lee, alleging it owns characters he created or co-created, including Spider-Man, Iron Man and the X-Men, calling the company's claim "simply implausible."